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here is what jack welch said. the data collection system is biased and overstated. i'm not sorry for the heated debates that pursuit. i am not the first to question government numbers and hopefully i will not be the last. what did you make of that whole brouhaha. >> i am not inclined to believe that the numbers were that kind of thing. i think that it is very difficult to do. the bigger issue is whether it was a blip or two, a statistical blip, or whether this is going to be a trend. we are probably not going to know that until after the election. gerri: at least one more data point to come. jonathan, what did you make of getting fired for him. the man ran ge. >> he diverted the attention away from the substance of the numbers because he went back to the integrity of the numbers. 114,000 new jobs is nothing to celebrate. we need 150,000 jobs to absorb all the new college graduates. i was surprised that he diverted from the fact that it was not good job supported all. gerri: that rummy is disturbed by that, a new low in the political season. >> it is very sleazy thin
here is what jack welch said. the data collection system is biased and overstated. i'm not sorry for the heated debates that pursuit. i am not the first to question government numbers and hopefully i will not be the last. what did you make of that whole brouhaha. >> i am not inclined to believe that the numbers were that kind of thing. i think that it is very difficult to do. the bigger issue is whether it was a blip or two, a statistical blip, or whether this is going to be a trend. we...
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the public, because of people like jack welch, who did us all a favor, the way he put it out there, i can tell you that the fact he came out and educated the public the numbers are manipulateed and --. >>neil: he said there are no guards there trying to hold them off. >>guest: it is a survey. and it is a very weak survey. he gave us all sort of an insight into how that is done and he did it, i think he did it in a great way to be honest. a lost my journalist friends think he did it in an inartful way. >>neil: he said it doesn't add you, you cannot have phenomenal job growth and see the unemployment rate drop the way it did so he questioned that. ing he said because there is so much "squish" in the numbers and room to guesstimate where it is, do not pay attention. pay attention to the real unemployment. that is why americans are not understanding it. they understand the real unemployment is much higher. >>neil: so when the administration afghanistans -- administration argues that the trend is the friend --. >>guest: the trend is the opposite. people that is dropped, unemployed and thos
the public, because of people like jack welch, who did us all a favor, the way he put it out there, i can tell you that the fact he came out and educated the public the numbers are manipulateed and --. >>neil: he said there are no guards there trying to hold them off. >>guest: it is a survey. and it is a very weak survey. he gave us all sort of an insight into how that is done and he did it, i think he did it in a great way to be honest. a lost my journalist friends think he did it...
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when it comes to distrust and reporting, jack welch certainly is not alone. take a look at what gary tuchman uncovered about voters, about polls and, yep, the media when he followed paul ryan on the stump. >> reporter: before he walks into this college gymnasium in rochester, michigan, the crowd's already been whipped into a frenzy. and on the same day when paul ryan's done with his campaign speech here in swanton, ohio. >> i really appreciate it. thank you. >> reporter: there's no shortage of enthusiastic supporters hoping to shake the vice presidential candidate's hand. ryan then delivers a well-received stump speech. >> we need to change presidents. and we need to elect mitt romney the next president of the united states. >> reporter: but amid the enthusiasm there is anger among many people at these rallies. seething anger at the news media. >> the media lies. the media are for obama. >> i got to be honest, i can't stand it. it's brutal. it's dechtly one-sided. >> let's hear it for paul ryan. >> reporter: paul ryan said it himself that he believes there wa
when it comes to distrust and reporting, jack welch certainly is not alone. take a look at what gary tuchman uncovered about voters, about polls and, yep, the media when he followed paul ryan on the stump. >> reporter: before he walks into this college gymnasium in rochester, michigan, the crowd's already been whipped into a frenzy. and on the same day when paul ryan's done with his campaign speech here in swanton, ohio. >> i really appreciate it. thank you. >> reporter:...
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. >> jack welch insists that the september jobs report doesn't make sense. he has taken some heat from the obama administration for tweeting on friday that the unemployment numbers were changed. well, this morning welch says >> announcer: this national weather report sponsored by nutella. breakfast never tasted so good. >>> because of a single gust of wind a daredevil sky diver trying for a world record free fall is grounded for another day. >> good possibility on thursday but we're not in a position to make that call right now. >> this morning we'll show why it's so hard to get felix baumgartner off the ground. >> and how can it be possible that a breath test could detect serious illness, even cancer. we'll ask one of the doctors who is developing an electronic nose. it could bring life-saving treatment to [ michelle ] when i first discovered that i had sensitive teeth, i didn't want to change toothpastes. i already had a product that made my mouth feel clean. why am i going to go and change it? the first thing he recommended was that i use sensodyne. senso
. >> jack welch insists that the september jobs report doesn't make sense. he has taken some heat from the obama administration for tweeting on friday that the unemployment numbers were changed. well, this morning welch says >> announcer: this national weather report sponsored by nutella. breakfast never tasted so good. >>> because of a single gust of wind a daredevil sky diver trying for a world record free fall is grounded for another day. >> good possibility on...
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i want to let you know about the story on jack welch, the former chairman of general electric appeared he was dropped as a columnist from "fortune" magazine and reuters.com after he tweeted out questions in a tweet, the bureau of labor statistics job numbers, the 7.8% unemployment numbers. here he is in "the wall street journal," "i was right about that strange jobs report." ohio, independent, john, good morning to you. caller: good morning. glad to join your conversation. about affirmative action, i think we are really at a stage where we should basically say that everyone is equal. if there is discrimination, we should take aggressive action, but if we just treat everyone equally, i think that we would make better progress achieving equality. ho: ok. john from ohio, an independent there. another story, from "the new york times." "u.s. military sent to jordan on syria crisis." mostly this military unit is helping jordan handle the estimated at 180,000 syrian refugees who have crossed the border and are severely straining the country's resources. foreign policy is to be a topic in the
i want to let you know about the story on jack welch, the former chairman of general electric appeared he was dropped as a columnist from "fortune" magazine and reuters.com after he tweeted out questions in a tweet, the bureau of labor statistics job numbers, the 7.8% unemployment numbers. here he is in "the wall street journal," "i was right about that strange jobs report." ohio, independent, john, good morning to you. caller: good morning. glad to join your...
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jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in squawk sports at 6:20 eastern. that's a good one i was watching. the next hour, we'll talk about golf. rhys jones is our guest host. he designs courses. andrew, good morning. >> thank you, becky. let's talk about earnings, starting with alco waalcoa. stronger demand for aluminum products, from airplanes and automobile producers. this offset weak aluminum prices and worries about china's slumping economy and that's probably the bigger and more important piece of all of this. the ceo cautioning that the company's noticed a slight slowdown in some re
jack welch questioning the jobs report last friday. today he is using a few more than 140 characters to explain. we're going to talk about his op ed. at 8:00 a.m., jack will be calling into the show to talk about things. all of that coming up. on the lighter side of things, we'll be talking sports. in baseball, the playoffs last night. the a's beating the tigers 2-0. detroit now leads the series 2-1. the reds lost 2-1, but cincinnati still leads the series two games to one. we'll have more in...
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et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> let's be clear. when people were really most upset about is jack welch directly saying that somehow the obama campaign twisted the numbers. >> right. and, look, you can talk about how debt are collected, you can talk about statistically anomalies, about the fact that the recovery has been subpar. that's what jack welch is saying he's right about, the recovery has been supposed par. everyone was having that real conversation. but to say that someone directly changed the numbers because
et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs...
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instead of acknowledging the positive news, jack welch led a group of lesser lights saying the numbers must have been manipulated by the obama administration and that the unemployment rate couldn't really be below 8%. jon stewart weighed in. >> it's got to be corrupt political manipulation of the official statistics. what else would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more? please. >> a lot of people are saying that the government's cooking the books here. >> i'll tell you these guys are saying they feel like they cooked the books. >> look, i got to say, if you're cooking the books, 7.8% unemployment is a [ bleep ] recipe. it's like the radish stew of jobless numbers. if you're cooking, make a nice jambalaya, something nice for people. unemployment is 2.6%. >> enough said. with the election just weeks away, positive news about the economy ignites desperation among angry republicans. >>> last time i told you about republican congressman paul broun, the member of the house science co
instead of acknowledging the positive news, jack welch led a group of lesser lights saying the numbers must have been manipulated by the obama administration and that the unemployment rate couldn't really be below 8%. jon stewart weighed in. >> it's got to be corrupt political manipulation of the official statistics. what else would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more? please....
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want to talk about the jack welch. do we have that confirmed? i don't know that we do. jack welch may have resigned -- >> we don't have it confirmed. >> this is how we do things on fx. >> tweet about it right. >> i read the story. a story in fortune that says jack welch has resigned from his columnist job at fortune and reuters in the wake of the conspira his conspiracy tweet. >> it appears that he -- appears he was miffed about the fact that those publications wrote stories critical of what he had said. >> i wrote a critical story. sister publication. >> just for the record was totally insane. >> totally insane conspiracy theory, one of many floating out there. the repercussions -- >> also in the same piece asked to see obama's birth certificate. >> yes. >> i think his college records he's looking for now. >> how will jack welch pay the represent now? >> we're all worried. >> i'm sure you'll be taking up jobbers and birthers in your -- >> just become 47%. >> i am open to take that job if they need someone. >> thank you to my panel, john, rana, kamal and david's ebook,
want to talk about the jack welch. do we have that confirmed? i don't know that we do. jack welch may have resigned -- >> we don't have it confirmed. >> this is how we do things on fx. >> tweet about it right. >> i read the story. a story in fortune that says jack welch has resigned from his columnist job at fortune and reuters in the wake of the conspira his conspiracy tweet. >> it appears that he -- appears he was miffed about the fact that those publications...
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now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by the obama administration. >> i know ken has a question for you, but my only thought on this whole thing is, i don't know that i buy that 7.8% number. i don't think that's real. i don't know that it was politics necessarily. >> nobody buys it. >> he's saying it's the numbers given to the bls by the obama administration. there's a lot of assumptions. obama care, the cbo, you can't impugn the cbo for coming up with $1 trillion for obama care. it was the numbers they got, double counting taxes, all of these bells and whistles in obama care to get it to work out. >> right. >> hold on. for the past year one of the talk
now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by...
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. >> last week it was former general chief jack welch, alan west and some right wing pundits making the allegation. we should remind viewers what got them so excited. the unemployment rate dipped below 8% for the first time in four years. until a few days ago, conservatives were claiming all the national poll, they must be way off. now that it romney's post debate bounce is fading, we'll probably hear it again. the latest poll shows obama's lead widening to 5 points again. the president was shoring up the vote. he dedicated a moment to cesar chavez. >> where there had once been despair, cesar gave workers a reason to hope. it's people. more than higher wages or better working conditions. that was cesar's gift to us. a reminder that we are all god's children. >> president obama dedicating a monument to cesar chavez. let's bring in ari melber. great to have you with us tonight. president obama is not taking his lead or his strength from the hispanic community. he wants more. playing to his base, how smart a strategy is it? >> i think it's smart and i think what the president has to do rig
. >> last week it was former general chief jack welch, alan west and some right wing pundits making the allegation. we should remind viewers what got them so excited. the unemployment rate dipped below 8% for the first time in four years. until a few days ago, conservatives were claiming all the national poll, they must be way off. now that it romney's post debate bounce is fading, we'll probably hear it again. the latest poll shows obama's lead widening to 5 points again. the president...
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howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying, but it doesn't quite feel like the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you came from, talk to the people you grew up with. >> all advice appreciated. we're moving on to win on election day on november 6th. >> it's free. anyway, coming up -- thank you, mr. mayor. coming up, mitt romney attacks president obama on foreign policy saying if he were president, he would heat up and prolong every war front in the world, iraq, afghanistan, syria. more war, continuous war, new wars. that's the romney plan. >>> also, joe the first responder. he's taken guff for his gaffes and been lampooned on "snl" but surprise, surprise, vice president joe biden is the guy who democrats are counting on this w
howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying, but it doesn't quite feel like the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you...
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. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11 states. the president dedicated a moment to caesar chavez. >> where there had once been despare, geez ared dis/* dispare, caesar gave people hope. whether it was bet are work conditions, that was a reminder that we are all god's children. >> dedicating a monument to caesar chavez within let's bring in correspondent from magazine. ari, president obama is not taking his lead or strength from the hispanic community. he wants more. he is trying to really solidify this. play to his base. how smart a strategy is it? >> i think it is smart and i think what the president has to do right now is get out there and get
. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11...
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>>> former ceo jack welch was the first to say there was a conspiracy with the jobs report. he claimed the chicago guys fiddled with the numbers but that didn't stop him from doubling down. >> i know these numbers are gathered by a series of wild assumptions. maybe they weren't right at 8.5, at 8.4. but it seems coincidental that one month before the election they would end up at 7.8. i don't want to take back one word of that tweet. >> remind you of anything? we'll discuss the first cousin of the birther movement, the jobbers. and a look at america's trust issues next on "now." [ female announcer ] most whitening strips promise full whitening results in two weeks or more. rembrandt® deeply white™ 2 hour whitening kit is proven to quickly remove surface stains and deep stains in just two hours. [ female announcer ] rembrandt® deeply white™: whiten in just 2 hours. >>> shortly after the bureau of labor statistics released the monthly jobs report friday showing the unemployment rate dropping to 7.8% former ge ceo got the jobber conspiracy theory going with a tweet sugges
>>> former ceo jack welch was the first to say there was a conspiracy with the jobs report. he claimed the chicago guys fiddled with the numbers but that didn't stop him from doubling down. >> i know these numbers are gathered by a series of wild assumptions. maybe they weren't right at 8.5, at 8.4. but it seems coincidental that one month before the election they would end up at 7.8. i don't want to take back one word of that tweet. >> remind you of anything? we'll discuss...
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jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation. he was on "hardball" with chris matthews and this is how he explained it. >> i've reviewed 14 businesses this week. from restaurants to widgets. i have seen everybody with a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a g.d.p. going at 4% to 5%. the second quarter was downgraded from 1.7% to 1.3%. the third quarter is not going to be very strong. it just defies the imagination to have a surge larger than any surge since 1983 a month before the election. i leave it to you to do all the analysis. >> one of the most important ceos in america. formerly of general electric. does this ring true? >> well, it rings true to me. since it's a survey, is this outside of the statistical bounds of their survey, which is plausible but irrelevant. but you have a president who says last budget got zero votes in the last senate. z
jack welch made a lot of headlines with a tweet that said, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers without any substantiation. he was on "hardball" with chris matthews and this is how he explained it. >> i've reviewed 14 businesses this week. from restaurants to widgets. i have seen everybody with a third quarter equal to or weaker than the first quarter. in order to get 873,000 new jobs, you would have to have a...
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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>> i think the jack welch stuff was crazy talk. and earlier in the year when you guys were down in washington on this, joe and i talked about it, there were between points that i would make. one, nobody messes or manipulates these numbers. but, took i think we exaggerate the importance of the numbers for this reason. the people who will vote on november the 6th know what they feel about the economy already. they're living it every day. so because there's a headline that says 7.8, it's a talking point, but they already know what their friends and neighbors are doing. >> when do we find out how romney is fun raising compared to that 180 million or whatever? >> i think if it was so par with obama's, we would have heard already. i think it's probably behind. >> you don't hear that that's unbecoming to have so much money to spend. just don't hear -- it's alway s the republicans. >> it's not decided by money. nice to have, but there is saturation information for the small number of swing voters. and even if obama beat romney by 20, 30 mi
>> i think the jack welch stuff was crazy talk. and earlier in the year when you guys were down in washington on this, joe and i talked about it, there were between points that i would make. one, nobody messes or manipulates these numbers. but, took i think we exaggerate the importance of the numbers for this reason. the people who will vote on november the 6th know what they feel about the economy already. they're living it every day. so because there's a headline that says 7.8, it's a...
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jack welch, okay he is a conservative, but you still thought of him as still a pretty reasonable guy right? >> i always did yeah. he used to play golf with bill clinton. but now he's a whacko. yeah, that the obama campaign could actually doctor these numbers? come on. just accept the fact! it's working. peter is calling from miami. >> caller: hey, bill last week i wanted to talk to you when you were talking about obama and his performance, and one of the things i wanted to say is what would they have been saying if he would have been on the aggressive side, would they be saying there's the angry black guy? >> bill: you know that's what some people would have said for sure. >> caller: absolutely. but i was reading an article about the score for the obama, the deficit going down. >> bill: yeah and they always try to take the good news and turn it into bad news. >> caller: i know it's crazy. but back to the debate peter. it was not the president's best night. and certainly he has bounced back from that. >> caller: he didn't have to do that bad -- not that i thought he did bad at all but
jack welch, okay he is a conservative, but you still thought of him as still a pretty reasonable guy right? >> i always did yeah. he used to play golf with bill clinton. but now he's a whacko. yeah, that the obama campaign could actually doctor these numbers? come on. just accept the fact! it's working. peter is calling from miami. >> caller: hey, bill last week i wanted to talk to you when you were talking about obama and his performance, and one of the things i wanted to say is...
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jack welch took a look at these numbers. remember, thereof a surge in employment like we haven't seen in 30 years that was announced on friday. jack welch says, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. do you think they changed the numbers? >> i do. i do. and i think that they did a lot of those -- a lot of monkey business. i'm telling you n a month and a half from now, they will do a readjustment like has been happening for the last year and a half. they will do a readjustment and the number will be 8.2 or more. again, the 8.2, it's not a real number because people that are out of work aren't considered unemployed. >> steve: we get that. but if you're making the allegation that this administration is monkeying with the numbers to make them look good, that is very damning. >> everyone knows he didn't want to lay off certain workers in certain categories and that's been well documented and well reported that he didn't want to lay off ctain workers in certain categories u
jack welch took a look at these numbers. remember, thereof a surge in employment like we haven't seen in 30 years that was announced on friday. jack welch says, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. do you think they changed the numbers? >> i do. i do. and i think that they did a lot of those -- a lot of monkey business. i'm telling you n a month and a half from now, they will do a readjustment like has been happening for the last...
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do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8% unemployment the lowest since president obama was inaugurated, correct? >> well, let's take a look at those numbers and take a little deeper look and say, for those who are not looking for a job any longer, they're not in the work place. they're not in the work participation. if you were to add those to those numbers, we'd have about 11% unemployment. look, one month of these numbers -- >> that includes people who are retired, correct? >> but let's look at those numbers a little closer again, we're looking at 43 state months of unemployment above 8%.
do you stand by this comment from jack welch? do you think that the white house cooked the numbers in the jobs report? >> well look, we're just going to talk about the facts. there's 23 million americans who are unemployed. they're either looking for a job, they are giving up or underemployed. if we just look at the numbers and take that for what it's worth, and i don't know that we have to say much more about whether the numbers have been cooked or not. >> the numbers are also 7.8%...
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if you believe jack welch, the former ceo of general electric, he said the chicago guys would do anything, accusing them of tampering with the numbers. the obama bipartisans feel this was a bare yes they needed to break, the 8%. there will be a report november 2nd, right before the election and we'll see what that report says. >> looking ahead this week, vice president joe biden and paul ryan debate. the stakes are higher. how do you expect them to do? >> there's a local factor to this, a congressman from montgomery county and parts of other places is playing paul ryan who he served with on the budget committee. ted olsen, a washington lawyer, former solicitor general is playing joe biden. you're right, there's going to be more attention now because this is the whole ticket. ryan is really not tested on a national stage. joe biden has been around forever, it seems. he has a reputation for sometimes saying the wrong thing. you saw in the package where he made the statement, the middle class has been buried. so i don't know which way this is going to go. but ryan, again, benefits from proba
if you believe jack welch, the former ceo of general electric, he said the chicago guys would do anything, accusing them of tampering with the numbers. the obama bipartisans feel this was a bare yes they needed to break, the 8%. there will be a report november 2nd, right before the election and we'll see what that report says. >> looking ahead this week, vice president joe biden and paul ryan debate. the stakes are higher. how do you expect them to do? >> there's a local factor to...
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doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is ta
doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is...